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Itafos Inc V.IFOS

Alternate Symbol(s):  MBCF

Itafos Inc. is a phosphate and specialty fertilizer company. Its businesses and projects include Conda, Arraias, Farim, Santana and Araxa. Conda is a vertically integrated phosphate fertilizer business located in Idaho, United States with a production capacity of over 550 Kiloton (kt) per year of mono ammonium phosphate (MAP), merchant grade phosphoric acid (MGA) and ammonium polyphosphate (APP), and approximately 27kt per year of hydrofluorosilicic acid (HFSA). Arraias is a vertically integrated phosphate fertilizer business located in Tocantins, Brazil with a production capacity of approximately 500kt per year of single superphosphate (SSP) and SSP with micronutrients (SSP+). Farim is a phosphate mine project located in Farim, Guinea-Bissau. Santana is a vertically integrated high-grade phosphate mine and fertilizer plant project located in Para, Brazil. Araxa is a vertically integrated rare earth element and niobium mine and extraction plant project located in Minas Gerais, Brazil.


TSXV:IFOS - Post by User

Bullboard Posts
Comment by Redpillon Jan 17, 2012 9:38pm
127 Views
Post# 19415071

RE: Special Meeting recording available

RE: Special Meeting recording available

You'll need to wait until the ~10min mark passing all the voting to start hearing the Operational update, which is not bad... actually it is worth hearing. if I got correctly (we can't rewind and don't have slides):

- Itafos will be ready by end of year and will start producing 10% of Brazilian phosphate consumption. Transpostation costs from overseas producers will be the main advantage for MBAC phosphate.

- Santana project is planned to be submitted to the board by end of year. Good location and good grades.

- Araxa is moving forward in drilling phase - high REE grades so far (???). Apparently Araxa is the largest supplier of Niobium in the world (85%), close to a Vale's phosphate mine. Railroad close to the deposit. Feasibility by end of year.

I may have misunderstood something...

Apparently this will be a year full of news.

GLTA

Bullboard Posts